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 Climate
Change will Cost Latin America Millions of Dollars
HAVANA, Cuba, June 7 (ACN)—Climate
change will cost Latin America and the Caribbean millions of
dollars, so the region must ready to avoid such loss,
according to a report by the Inter-American Development Bank
(BID).
The countries of the region
will face annual expenses calculated at 100
billion dollars due to processes linked to global warming,
glacial
melting, the reduction of agricultural yield, floods and
drought, reads
the document also backed by the Economic Commission for
Latin America and
the Worldwide Fund for Nature, PL news agency reported.
The annual calculated loss would translated into 2 percent
of the regional
Gross Domestic Product at current values, according to the
report, titled
“Climate Challenge and Development in Latin America and the
Caribbean:
Options for Resilient Low-Carbone Development.”
The cost of investment, from a positive perspective, to face
the adverse
impact is much lower, since it would stand for one tenth of
the total
material damage, the report says and stresses the
vulnerability of
regional countries to global warming despite the fact that
they are only
responsible for 11 percent of the emission causing this
phenomenon.
The research, whose preliminary data was released just this
week, will be
presented at the Rio plus 20 Sustainable Development summit,
to take place
this month in Brazil.
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